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Pine Cliff Energy Ltd T.PNE

Alternate Symbol(s):  PIFYF

Pine Cliff Energy Ltd. is a Canada-based natural gas and crude oil company. The Company is engaged in the acquisition, exploration, development and production of natural gas and oil in the Western Canadian Sedimentary Basin and also conducts various activities jointly with others. The Company's operating areas include Central Assets, Edson Assets and Southern Assets. Its Central Assets include Ghost Pine and Viking Kinsella areas of Central Alberta. Its Southern Assets includes Monogram unit, Many Islands / Hatton properties, Pendor, Black Butte and Eagle Butte areas. Its Edson Assets include Pine Cliff with its first core area in the Western Canadian Sedimentary Basin. It operates and sells its natural gas to the common Alberta natural gas price hub.


TSX:PNE - Post by User

Comment by TheRexmemberon May 18, 2024 12:40pm
174 Views
Post# 36047353

RE:Nobody cares

RE:Nobody cares

Common sense rules with this company Kavern. Yeah they budget 7 million for ARO so what? That would be less than two cardium wells for your fave yangarra. Pne also earns 5-6 million processing gas for other prodcers. 

How many wells does YGR need to drill to match decline rates? 20?  Pinecliff can wait out low prices and turn the dtills in October. Or next February. And barely feel the impact on production. How many wells would be needed to offset decline rates at PNE? 3? 

With 4.00 gas prices pne will free cash flow 80 million without turning a drill. 

there is a reason they have been able to grow production 35% per share since inception -  Compounded. Its a profit oriented business with a plan. The same one for 12 years. 

Decline rates matter. Cost control matters. Asset management matters. Dilution matters. 

It is not Tourmaline but it's still a great company and currently the only public company like it. 

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